Disclosure: Some of the companies listed here may provide compensation to us. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below.
If you have an IRA, 401k, or savings account… things are getting scary out there.
• The national debt has passed a record $30 trillion dollars.
• The stock market volatility index has reached "Extreme Fear".
• Inflation is the highest we’ve seen since 1982.
The Biden administration has printed more money in the past 2 years than the previous 100 years combined.
Does your government hate you?
It sure seems like it.
Because your dollars are becoming worth less and less by the day.
And yet it appears that the current administration is looking to print another $2 trillion dollars as soon as possible.
It’s only a matter of time before this house of cards comes crashing down.
So What Can You do?
Diversifying your portfolio by setting up a Gold IRA offers a myriad of benefits and protections.
Gold is frequently touted as a "safe-haven" by seasoned investors.
From protecting you against stock market volatility, hedging against inflation, and offering a tax-deferred investment opportunity. Additionally, gold and other precious metals have performed well historically, and there are no signs that demand is going to decrease.
In times of uncertainty, gold can also serve as a hedge against a black swan event, similar to the financial crisis of 2008.
If you're interested in opening up a new Gold IRA or rolling over an existing retirement account into a Gold IRA, you may be confused about where to start. With so many online companies claiming to be the best, it can be difficult to assess which option truly is right for you. We've put these reviews together to help you decide which Gold IRA company you'd like to give your business to.
Continue reading to learn more about our selections for the top five Gold IRA companies, including our number one recommendation that really stands out above the rest: Goldco.
Gold IRA Company Reviews
Product Image & Ratings
Goldco (top choice)
When you're looking for the best Gold IRA company, we'd strongly recommend choosing Goldco. While the other companies below are also strong companies to work with, we have found that no one really compares to all that Goldco has to offer. If you continue reading the next few sections of this review of Goldco, you'll see why we find them to be far superior to all the other Precious Metals IRA companies out there.
Goldco has been in business since 2006 when Trevor Gerszt first started the company. In the over decade and a half that has followed, Goldco has become one of the best and most trusted companies in the industry.
Goldco aims to work with each client to help them achieve their investment goals, with a focus on education and transparency. They offer a variety of services to help make this possible, including setting up new Gold IRAs, rolling over a retirement account into a Gold IRA, and selling gold and silver coins and bars for a personal investment.
Goldco doesn't just claim to be a top-choice company. They have the positive reviews and ratings to go along with it. The Better Business Bureau has given Goldco their highest rating of an A+. The Business Consumer Alliance has also awarded Goldco their highest rating of an AAA. Additionally, reviews from past customers on Trustpilot, TrustLink, Google, and other review sites are also highly positive.
Setting up a Gold or Silver IRA
If you're ready to set up a new Gold or Silver IRA to save for retirement, Goldco can help you. They have worked with thousands of clients to simplify the process for setting up a Gold IRA.
If you visit their website and go to the Gold IRA section, you can see exactly what you'll need to. The first step is to open up your new Precious Metals IRA. To do this, you'll sing an agreement for the purchase you plan to make.
Then, you'll work with an IRA custodian company to fund your IRA. Once funded, you'll be able to add the IRA-approved gold and silver coins and bars of your choice to your account. If you have questions about what to invest in, one of Goldco's precious metals advisors can work with you to determine your needs and goals and make appropriate recommendations.
Rolling Over an Existing Retirement Account
If you have an existing retirement account, it may be eligible for a rollover. Some potentially eligible account types include 401(k)s, 403(b)s, IRAs and TSPs. If you are not sure whether your current retirement account is eligible for a rollover, a member of the Goldco team can help with making a determination.
If it turns out your existing account can be rolled over into a Gold IRA, a member of the team will also be available to help you through each step of the process, including working with an IRA custodian to fund your new account and helping you select the gold or silver coins and bars you'd like to add to your account.
IRS-Approved Coins and Bars
According to IRS regulations, gold and silver coins and bars must meet certain criteria in order to be held in a Gold or Silver IRA. Gold coins and bars must be at least 99.5% pure, and silver coins and bars must be at least 99.9% pure.
Despite these restrictions, Goldco is still able to offer its clients a wide selection of IRA-approved coins and bars. They have a good working relationship with various mints across the globe and source only first-rate, quality coins and bars.
When you add coins and bars to an IRA with Goldco, you can also rest easy knowing that Goldco offers a BuyBack Guarantee. If you decide to liquidate the precious metals in your account, they will purchase them back from you at the highest current rate based on the value of the precious metals.
Below are the gold and silver coins and bars available to add to your IRA when you choose to work with Goldco.
Birch Gold Group is another Gold IRA company to consider. While we don't feel that they are as strong of an option as Goldco, they are a much better choice than some of the other competition out there.
About Birch Gold Group
Birch Gold Group has been in business for nearly 20 years and is headquartered in Burbank, California. Birch Gold Group employs a team of knowledgeable and experience individuals who are ready to help potential clients learn more about setting up a Gold IRA.
There are six key standards outline on Birch Gold Group's website. They include: education, empowering the customer, empathy, ethics, transparency, and efficiency. Reading this list of the guiding standards of the company should give you a little more information about how they operate and the treatment you should expect to receive as a customer.
Birch Gold Group is also very highly reviewed by past customers. They have earned an AAA rating from the Business Consumer Alliance and an A+ rating from the Better Business Bureau too.
Precious Metals IRAs
Birch Gold Group's website offer a lot of helpful information for individuals looking to set up an IRA. If you still have questions about the benefits of adding gold, silver, or other precious metals to an IRA account or would like to learn more about the historical performance of precious metals, you can read about these topics and more on the website.
Birch Gold Group's website also shares all the information you'll need to understand the steps involved in setting up a new Gold IRA or rolling over an existing retirement account. The steps are pretty straightforward.
You'll need to start by opening your account and funding the account. To fund your account, you can either transfer funds from a bank account or rollover an eligible retirement account. The IRA custodian company you choose to work with can help you with all the steps necessary to get your account funded.
After your account is funded, one of the Precious Metals Specialists at Birch Gold Group will help you select the precious metals to add to your account. They will discuss your current situation along with your financial goals and can offer recommendations that will best help you achieve these goals.
Then, you can finalize your selection of precious metals. In addition to gold and silver coins and bars, Birch Gold Group also offers platinum and palladium coins and bars too.
After selecting which coins and bars you'd like to invest in, the Precious Metals Specialist working with you will take care of shipping your metals to the IRS-approved depository, where they'll be kept safe and secure until you're ready to retire and begin taking disbursements.
Even after your account is set up and funded and your precious metals are in storage, the Precious Metals Specialist you worked with will continue to be available to address any questions you have or help you make future contributions to your account.
Birch Gold Group offers upfront pricing for the one-time account set up and wire transfer fees, along with the storage, insurance, and management fees they charge. With many other companies, this information can be near impossible to find, so it is nice to see it all laid out on Birch Gold Group's website.
IRA-Approved Coins and Bars
Below is the list of the IRA-approved gold, silver, platinum, and palladium coins and bars offered by Birch Gold Group.
You may also want to consider Noble Gold when you're looking for the best Gold IRA company. While, again, we would recommend choosing Goldco, Noble Gold also has some great things to offer their customers.
About Noble Gold
Noble Gold's mission is proudly displayed on their website. According to the mission, the company is focused on being honest and helpful to their customers as they help educate them about the value of choosing to invest in precious metals. Noble Gold also aims to keep the process of purchasing precious metals online and safe and easy as possible.
Noble Gold strives to help each client make the best financial decisions to grow their wealth and set themselves up for future success. They employ a team of knowledgeable advisors who have many years of experience working with people just like you to set up a Gold IRA.
If you're looking to have a true conversation about opening a Precious Metals IRA and are dreading taking to a pushy salesman and getting the hard sell, Noble Gold may be the perfect fit for you. Unlike so many other companies in the industry, they don't believe in using pushy sales tactics. Rather, they view each investor as an individual and want to work alongside you to make the best investment choices for your needs and budget.
Opening a Gold IRA or Precious Metals IRA with Noble Gold
There are a wide range of reasons to consider opening up a Gold or Precious Metals IRA with Noble Gold. You can diversify your portfolio, take advantage of the tax breaks IRA holder receive, prepare yourself for retirement with a stable and high-performing investment, and hold precious metals that will be easy to liquidate whenever you decide you want to sell them.
To open a Gold IRA through Noble Gold, simply contact the company to get connected with one of their experts. They'll be able to answer any questions you may have and help you get the process started. If you have a current retirement account that you'd like to rollover into a Gold IRA, they can also help you determine eligibility.
Once you've worked with an IRA custodian to fund your account or complete the rollover of funds, the team member at Noble Gold will help you add the coins and bars you'd like to purchase to your account. With Noble Gold, you can also invest in platinum and palladium in addition to gold and silver. This gives you the opportunity to diversify your holdings even further, which could set you up for greater financial success in the future.
IRA-Approved Precious Metals
Below you'll find the list of the IRA-approved gold, silver, platinum, and palladium coins and bars offered by Noble Gold.
Gold Coins and Bars
Silver Coins and Bars
Platinum Coins and Bars
Palladium Coins and Bars
Ready to learn more about Regal Assets? While they're not our top pick for the absolute best Gold IRA company, they are a good runner-up. Continue reading to find out more about what they have to offer.
About Regal Assets
Tyler Gallagher started Regal Assets in 2009, and since his initial small investment, the company has grown significantly. In fact, they have even been ranked in the INC 500 as #20 in the financial services category.
According to Regal Asset's website, the company's mission is to support each investor to help them meet their goals through investing in precious metals. They strive to put the needs to each client first and do not believe in using high pressure sales tactics.
Gold and Silver IRAs
If you would like to set up a Gold or Silver IRA, that is certainly something that Regal Assets can help you with. Their team of experts is available to help you open your new account, connect you with an IRA custodian to fund the account, and select the precious metals you'd like to invest in.
After your account is set up, and you have purchased the coins and bars you'd like, Regal Assets will take care of shipping everything to an IRS-approved depository. Then, once you're ready to retire, you can begin taking disbursements from your account.
IRA-Approved Precious Metals
One benefit of choosing to work with Regal Assets is that you can also add platinum or palladium to your IRA. This is not an option with every Gold IRA company out there.
As we've mentioned above, IRS regulations are in place regarding the purity levels for coins and bars that can be held in a Precious Metals IRA. Gold coins and bars must be at least 99.5% pure, silver coins and bars must be at least 99.9% pure, and platinum and palladium coins and bars must be at least 99.95% pure.
Here are the gold, silver, platinum, and palladium coins and bars that you can invest in with Regal Assets.
Something unique about Regal Assets is the ability to open a Regal IRA. A Regal IRA is a special type of IRA that allows you to invest in both precious metals and cryptocurrencies. If the growth of cryptocurrencies has caught your eye, and you'd like to try to get in on the action, setting up a Regal IRA may be the right choice for you.
In addition to the gold, silver, platinum, and palladium coins and bars listed above, you can also add the following cryptocurrencies to your Regal IRA:
Finally, you may also want to consider working with Patriot Gold Group to set up your Gold IRA. They're another top contender, though we'd definitely still give the edge to Goldco.
About Patriot Gold Group
Patriot Gold Group was chosen as a Top Rated Gold & Silver Dealer by Consumer Affairs for five years in a row from 2016 to 2020. The senior partners at Patriot Gold Group aim to provide a better customer service experience than what other precious metals investment companies offer. They want to provide each client with the education and knowledge needed to help them make sound decisions regarding their finances and investment in precious metals.
Patriot Gold Group offers highly competitive pricing on their precious metals. They also do not charge any fees for Gold and Silver IRAs.
Setting Up a Gold IRA with Patriot Gold Group
Whether you're looking to open a new Gold or Silver IRA or want to rollover an existing retirement account, Patriot Gold Group's team can assist you. Their precious metals experts are available through email, live chat, or a phone call.
Overall, the process to set up your account is simple and won't take too much of your time. You can visit the "Open a Precious Metals IRA" section on the website to get your application started and keep the process moving along quickly.
For those looking to rollover an existing retirement account, you should feel comfortable knowing that an entire department at Patriot Gold Group is dedicated to handling IRA rollovers. You should be able to have all of your questions answered and get the information you need for a seamless transfer of funds.
Patriot Gold Group customers can choose to have their precious metals stored in one of the IRS-approved storage facilities located across the country. You can rest easy knowing that your coins and bars are safe in these high-security facilities, and you can even choose to visit and view your coins and bars if you wish.
IRA-Approved Gold and Silver
Here are the different IRA-eligible gold and silver coins and bars available through Patriot Gold Group.
What to Consider When Choosing a Gold IRA Company
As we mentioned above, there is certainly no shortage of Gold IRA companies out there. This can make it extremely challenging to decide which company offers exactly what you're looking for and will provide the level of service and support that you deserve. Use the guide below to help you identify some of the different features you should consider when deciding which company to work with.
Experience and Reputation
Setting up a Gold IRA is a big investment. You don't want to trust your money and your financial future to just anyone. Start by looking for a Gold IRA company that is knowledgeable and experienced in the precious metals investment industry. You want someone that will be able to give you the best advice related to your personal financial situation and retirement goals, and you will be less likely to choose this working with a company that only has a few years of experience.
You will also want to research the company and assess their reputation in the precious metals industry. Consult reviews from past customers and check with trust review sites, such as the Better Business Bureau, Business Consumer Alliance, Trustpilot, and TrustLink.
Selection of Precious Metals
Next, you'll want to assess the precious metals selection offered by each company. Determine whether there are any specific coins or bars you'd like to hold in your portfolio, and choose a company that offers them to investors.
Additionally, if you'd like to further diversify your portfolio by investing in platinum and palladium, look for a company that offers this option.
IRS regulations limit the storage options available to Gold IRA holders. All of your precious metals must be stored in an IRS-approved depository. Still, there are a number of different IRS-approved depositories, and different companies may only offer a few options.
Research the different IRS-approved depositories, and select a few where you feel completely comfortable storing your precious metals. For example, Goldco offers storage in the Delaware Depository, a facility known for its first-rate security measures.
The next thing you may want to consider before making a final decision is the fees you'll be charged by each Gold IRA company. Fees are inevitable; every company will charge something for the service of helping you set up your IRA. However, there can be some differences between the fees charged by each company.
Customer Service and Support
We listed this last, but it really is one of the most important considerations to make before choosing a Gold IRA company. Finding an investment company with excellent customer service and support is essential. You want to know that someone will be available to answer any questions you have and provide helpful guidance when needed.
After all, you're investing a large portion of your hard-earned income, and you want to make sure it is going to be put to work in the best way possible to help you prepare for retirement. Look for a company with a team of precious metals advisors who are available as needed for support and questions. You may also want to consider the available methods for contact someone from the service team. Are phone, email, and chat available, or only a few of these?
As we've mentioned a few times now, Goldco is our favorite Gold IRA company. The other four options on this list are all fine companies too, but they don't truly compare to all that Goldco has to offer.
Goldco has over a decade and a half of experience in the precious metals investment industry. Since Trevor Gerszt first started the company in 2006, they have grown to be one of the biggest and most respected names in the industry. With an A+ rating from the BBB, an AAA rating from the Business Consumer Alliance, and thousands of positive reviews from past customers across various review sites, you won't find many other companies that can even hold a candle to Goldco.
We have found that the team at Goldco is very knowledgeable, experienced, and supportive. If you have questions about the best approach or type of investment based on your personal situation, they will be able to offer sound advice to help you make a decision.
Goldco has also made it easy to open a new Gold or Silver IRA or rollover an existing retirement account into a Precious Metals IRA. A member of their team will work alongside you and the IRA custodian you choose to help you each step of the way.
Once your new Gold IRA is set up and funded, you'll be able to choose from the wide selection of gold and silver coins and bars that Goldco has to offer. And, you can rest easy knowing that everything they offer is of the finest quality.
We really don't see why anyone wouldn't choose to give their business to Goldco. They are a highly-rated and trustworthy Gold IRA company that treats each customer with respect.
So, what do you think? Are you ready to become Goldco's next happy customer? Visit their website or give them a call today to start preparing for retirement with a new Gold IRA.
Can you hold physical gold in an IRA?
Yes, Self-Directed IRAs allow individuals to hold precious metals, such as gold, in their retirement account. In addition to gold, you can also invest in silver, platinum, and palladium with a Precious Metals IRA.
What is the benefit of a Gold IRA?
Gold IRAs offer a variety of benefits. First, they allow you to diversify your portfolio. Rather than keeping all of your money in the volatile stock market, you can invest a portion of it into precious metals, like gold and silver. This way, should the stock market take a down turn, or even crash, when you need to access your money for retirement, you'll have a backup source of money to draw from.
Additionally, like traditional IRAs, Gold IRA holders also enjoy various tax benefits. The money you invest and the profits you make a tax-deferred, so they won't affect your current tax bills.
Investing in gold also offers you a unique opportunity to potentially make a sizeable profit. Over the years, gold has been a good investment as the price per ounce has increased quite a bit compared to where it was a number of years ago.
Another reason to consider setting up a Gold IRA is as a hedge against inflation. With inflation, your investment portfolio may not be as valuable compared to other rising costs. Gold can help protect you against this, as its value is not tied to any one currency.
How can I convert my IRA to gold?
If you're interested in converting your IRA to gold, working with a precious metals investment company, such as Goldco, is the best option. They can help walk you though the various steps that you'll need to take to transfer your holdings and invest them in precious metals.
How much does it cost to start a Gold IRA?
Technically, there is no required investment minimum to open a Gold IRA. However, the specific company you're working with may have a minimum requirement. You'll need to consult with the precious metals company you're interested in working with to determine what you'll need to be able to invest to get your Gold IRA set up. In many cases, you should expect the minimum investment amount to be between $25,000 and $50,000.
How much can you put in a Gold IRA?
According to current IRS regulations, individuals under the age of 50 are only allowed to contribute up to $6,000 to an IRA account each year (or a total of $6,000 split between multiple IRA accounts). For individuals over the age of 50, the yearly allowable investment increases by $1,000 for a maximum of $7,000.
Can I hold the gold for my IRA at home?
No, the IRS code prohibits individuals from holding their own precious metals for an IRA. They must be controlled by a custodian and stored in an IRS-approved depository. If a company is offering home storage for a Gold IRA, it isn't advisable to give them your business. Holding your own precious metals will make it more likely for you to be faced with extra taxes and penalties in nearly all cases.
Will the value of a gold coin increase?
If/when the value of gold increases, the value of a gold coin will also increase. While gold coins have a face value, their actual value is much higher than what is printed on the coin. The price of gold, as well as scarcity and demand, dictates the value of a gold coin.
How much of my portfolio should be held in gold?
There is no set answer for this question. It can vary based on your age, financial position, and comfort with taking some risks. Generally speaking, if you're getting closer to the age of retirement, you should be taking fewer risks and should not have a large portion of your portfolio invested in gold.
If you're younger and are looking to be a bit riskier and more aggressive, you may be open to have more of your portfolio invested in gold. Having a conversation with a financial advisor who is able to take your personal situation into account may be a good idea.
What is the best Gold IRA company?
Goldco is our top pick for the best IRA company. They have a stellar reputation in the industry along with high reviews from past customers. If you choose to work with Goldco, they can help you open up your new Gold IRA account or rollover an eligible retirement account.
We think Goldco offers a nice selection of IRA-eligible coins and bars and top-notch customer service to go along with it. If you're looking to open a Gold IRA, we would definitely recommend contacting Goldco.